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Wal-Mart Sales Decline as Consumers Trim Retail Spending
Money Morning (August 14th, 2009) Writes:
Why Is Beijing Investing $200 Billion in One Company? The answer is simple. This rail company hauls 25% of the world’s freight – but it only has 6% of the world’s track. Right now, freight supply is 65% shy of demand. Sales for this company have grown on average 47% over the last five year. And now, with a $200 billion infusion, it’s about to jump even higher. Estimates show the potential gains at 356%. Click here for the full report.
By Bob Blandeburgo
Associate Editor
Money Morning
The much-anticipated earnings report from Wal-Mart Stores Inc. (NYSE: WMT) and new data from the U.S. Department of Commerce yesterday (Thursday) showed that consumers are not only reeling in their discretionary spending, but may also be pulling the reins on the necessities.
Retail sales fell 0.1% in July from the previous month, and 8.3% from a …
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